DAX 40 Management Board & Supervisory Board Moves

Management Board Moves

Adidas AG

• Birgit Kretschmer joined the Executive Board of Adidas as Chief Financial Officer Designate on September 1, 2026. She will succeed Harm Ohlmeyer as Chief Financial Officer on January 1, 2027. Ohlmeyer has decided to not extend his contract.

• Kretschmer returns to Adidas after six years as Chief Financial Officer of C&A. She spent the majority of her career at Adidas, including as a member of the Finance Leadership Team from 2012 to 2017 and as a member of the company’s Core Leadership Group from 2017 to 2020.

Allianz SE

• Allianz has announced that Dr. Günther Thallinger will step down from the Board of Management on December 31st, 2026. His responsibilities will be distributed amongst the remaining eight members of Allianz’s Board of Management.

Bayerische Motorenwerke (BMW) AG

• On September 1, 2026, Dorothea von Boxberg succeeded Ilka Horstmeier as Member of the Board of Management responsible for Human Resources.

• Prior to joining BMW, von Boxberg served as Chief Executive Officer of Brussels Airlines and held several leadership roles in the aviation industry.

Daimler Truck Holding AG

• On October 1, 2026, Yvonne Bettkober joined as Member of the Board of Management responsible for Human Resources and Labor Director. She succeeds Jürgen Hartwig who will leave the company at the end of November at his own request.

• Bettkober joins the company from Audi AG where she previously served as Chief Transformation Officer.

Deutsche Telekom AG

• Deutsche Telekom has announced that Dhananjay Mirchandani will succeed Dr. Christian Illek as Chief Financial Officer effective May 1st, 2027, following Illek’s retirement.

• Mirchandani began his career in consulting, including roles at A.T. Kearney and BCG. He joined Deutsche Telekom in 2019 as Head of Finance & Investment Management in Group Development. He has been leading Group Controlling of Deutsche Telekom since 2024.

• Jan Hofmeyr will join Deutsche Telekom as Chief Technology Officer on November 1, 2026, succeeding Dr. Abdurazak Mudesir, who left the company in March 2026.

• Hofmeyr previously served as Vice President of the Telecommunication Segment at Amazon Web Services (AWS) and spent more than a decade at Comcast, most recently as Executive Vice President and Chief Network Officer.

Fresenius Medical Care AG

• Cassie McLean succeeded Craig Cordola as Chief Executive Officer of Care Delivery and Member of the Management Board on August 1, 2026.

• McLean joined Fresenius Medical Care in 2025 as President of Fresenius Kidney Care after serving as CEO of Monte Nido. She previously spent nearly 16 years at DaVita Kidney Care in various roles.

QIAGEN N.V.

• Jonathan Pratt has been QIAGEN’s new Chief Executive Officer since September 1; he succeeds Thierry Bernard who had served in the role since 2019.

• Previously Pratt was President and CEO of Filtration Group where he led the business through its sale to Parker-Hannifin Corporation (completed in August 2026).  Prior to joining Filtration Group, he was Senior Vice President of the Waters Division at Waters Corporation and President of Beckman Coulter Life Sciences.

Volkswagen AG

• On October 1, 2026, Erika Rasch took over as Board Member for Human Resources and Labour Director at Volkswagen. She succeeds Thomas Schäfer, who had held responsibility for Human Resources on an interim basis since July 2025 alongside his role as Chief Executive Officer of the Volkswagen Passenger Cars brand.

• Rasch joined Volkswagen following a long-standing career at Robert Bosch Group where she most recently held responsibility for Global Human Resources.

_{This newsletter reflects movements across DAX40 Supervisory Boards and Management Boards that have occurred or been announced in Q3 2026.}

Contact

Jens-Thomas Pietralla
Russell Reynolds Associates
Neuturmstraße 5 | 80331 Munich | Germany
Direct: +49-89-2489-8151
jt.pietralla@russellreynolds.com